The Federal Government on Tuesday confirmed the recovery of $30 million from foreign missions in 2014. Jonah Otunla, accountant general of the federation (AGF), gave the hint during the 2014/2015 budget defence before the House of Representatives’ Committee on Finance. He disclosed that the fund was recovered during the oversight of some foreign missions. Otunla also disclosed that the AGF saved about N208 billion that would have gone to MDAs as salaries through the implementation of IPPIS and other reforms within two years.
He added that his office was able to reduce average overdrawn balance from N100 billion to N10 billion through effective implementation of various reforms. Speaking on the reve- nue remitted by Federal Inland Revenue Service (FIRS) to Federal Capital Territory Administration (FCTA), Otunla noted that FCTA is considered as a state hence the need to remit the payee taxes to its coffers on monthly basis.
On the utilisation of the service wide vote, he explained that the money pro- vided in the vote was used to augment salary shortfall of some MDAs. While reacting to the AGF’s presentation, Abdulmumin Jibrin, chairman, and members of the committee, requested for details of the affected foreign missions and revenues generated by all the MDAs in 2014. He also unveiled the committee’s plan to investigate the closure of revenue accounts of various agencies and parastatals that petitioned against the Ministry of Finance.
The committee also set up sub-committees that will scrutinise the budget proposals of all the agencies and parastatals under the Federal Ministry of Finance including National Insurance Commission (NAICOM), Budget Office, among others.
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